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Stock Trend Analysis Report

Prepared for you on Monday, June 5, 2023.

Erayak Power Solution Group Inc. (NASDAQ:RAYA)

Sidelines Mode (-55) - RAYA is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.

Is it time to buy, sell, or avoid RAYA?

MarketClub looks at technical strength and momentum to determine if the timing is right for RAYA.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

NASDAQ_RAYA
Open High Low RAYA Price Change
1.8600 1.9200 1.8100 1.8557 +0.0056
Entry Signal

MarketClub’s Trade Triangles for RAYA

long term down The long-term trend has been DOWN since Mar 23rd, 2023 at 1.72

intermediate term up The intermediate-term trend has been UP since Apr 19th, 2023 at 2.18

short term down The short-term trend has been DOWN since May 25th, 2023 at 1.82

Smart Scan Analysis for RAYA

Based on our trend formula, RAYA is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

-55
Smart Scan Analysis for RAYA
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
1.8600 1.9200 1.8100 1.8557 +0.0056
Prev. Close Volume Bid Ask Time
1.8501 2159 2023-06-05 12:19:17
52wk High3.886452wk High Date2022-12-22
52wk Low1.5152wk Low Date2023-03-23
Average Volume19,796Shares Outstanding11,000
Assets25,544,454MLiabilities16,866,083M
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